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stiks02 [169]
4 years ago
7

The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (

expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the (timing/adjusting/estimating) process.
Business
1 answer:
Tomtit [17]4 years ago
5 0

Answer:

Adjusting process

Explanation:

The expense recognition (matching) principle aims to record (expenses/assets/liabilities) in the same accounting period as the (expenses/revenues/assets) that are earned as a result of those costs. This principle is a major part of the Adjusting process.

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A certain business produced x rakes each month form November through February and shipped x/2 rakes at the beginning of each mon
Natasha_Volkova [10]

Answer:

C. 1.40x

Explanation:

1. Production:

November through February: x rakes/month* 4 months = 4x rakes.

2. Shipping and storage costs

March= 4x (initial stock) - x/2 (shipped) = 3.5 x (in stock) * 0.1$ = $0.35

April = 3.5x (stock at end of March) - x/2 (shipped) = 3x*0.1$ =  $0.30

May = 3x (stock at the end of April) - x/2 (shipped) = 2.5x*0.1$ = $0.25

June= 2.5x (stock at the end of May) - x/2 (shipped) = 2x (in stock) * $0.1 = 0.2$

July = 2x (stock at end of June) - x/2 (shipped) = 1.5x*0.1$ =  $0.15

August = 1.5x (stock at the end of July) - x/2 (shipped) = 1x*0.1$ = $0.1

Sept= 1x (stock at the end of August.) - x/2 (shipped) = 0.5 x  (in stock) * $0.1 = $0.05

October = 0.5x (stock at end of sept.) - x/2 (shipped) = 0*$0.1 =  $0

Total storage cost= $0.35x+$0.30x+$0.25x+$0.20x+$0.15x+$0.10x+$0.05x+$0x

Total storage cost = $1.40X

5 0
3 years ago
Fixed financial charges include ________. stock repurchase expense common stock dividends and bond interest expense common stock
DaniilM [7]
The fixed financial charges are fixed e<span>xpense that recur on a regular basis. </span>
Fixed financial charges include bond interest expense and preferred stock dividends. Bonds are fixed income investments used by companies, municipalities, states to raise money or finances. 
3 0
4 years ago
Wickland Company installs a manufacturing machine in its production facility at the beginning of the year at a cost of $154,000.
I am Lyosha [343]

Answer:

Using the straight-line method, depreciation expense for the second year would be:  $29,600

Explanation:

Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life

Wickland Company

Cost of machine  $154,000

Residual value of $6,000

Useful Life = 5 years

Formula

Depreciation Straight Line Method= Cost - Salvage Value/ Useful Life

Working:

Depreciation Straight Line Method= $154,000 -$6,000/5

Depreciation Straight Line Method= 148,000 /5

Depreciation Straight Line Method=$ 29,600

Using the straight-line method, depreciation expense for the second year would be:  $29,600

The straight line depreciation method assigns equal depreciation to the machinery. So the depreciation for the five years would be the same amounting to $ 29,600 every year.

4 0
3 years ago
Digital assets encompass any computer-related resources that are owned by an organization if the assets were created on the comp
german

Answer:

The statement is: True.

Explanation:

Digital assets represent all the virtual creations of individuals made on computers within an organization. Digital assets are intangible, meaning they cannot be perceived with the senses but they are stored and displayed in servers (or the cloud) for its corporate use. Digital assets include<em> illustrations, logos, presentations, reports, spreadsheets, e-mails, </em>and <em>websites</em>, among others.

5 0
3 years ago
If your instructor were to ask if you cleaned up your room before leaving the house, she would be acting outside of her?
poizon [28]
Hi I think she would be acting outside of her
8 0
2 years ago
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